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What will happen to small businesses when the owners retire?

What will happen to small businesses when the owners retire?

According to TD Waterhouse's early October Business Succession Poll of 609 small business owners, just 24 per cent of small business owners surveyed said they had a succession plan worked out for retirement.

Of those polled, whether they had a formal plan or not, 23 per cent said they would simply close their business when it came time to retire; 20 per cent planned to sell their business to a third party; 18 per cent expected to transfer it to a family member; 12 per cent said they'd sell to a partner or employee; and 27 per cent said they were not yet sure what they'd do with their business.

(Source: TD Water House)

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Finding a Business For Sale In Canada

Looking for great business opportunities just got a whole lot easier Canada. In the past you would had to use general related classified sites or business listing website with businesses for sale from around the world. Emerald Business Board has made it easier to find businesses for sale in your local area. This gives you the power to negotiate in person or in any capacity you feel comfortable with. This will also help with due diligence and gives you the tools you need to make a deal happen. Our main goal is to centralize all of Canada businesses that are for sale to a single location and simplify the process as a whole. If you have any suggestions on how we can simplify the "business for sale" process please feel free to contact us! Have a successful day!Zach Radford - CEO